RADCOM (NASDAQ:RDCM) announced its quarterly earnings results on Tuesday. The technology company reported ($0.30) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.03, Morningstar.com reports. The company had revenue of $3.99 million for the quarter, compared to the consensus estimate of $3.50 million. RADCOM had a net margin of 9.76% and a return on equity of 4.99%. RADCOM updated its FY 2019 guidance to EPS.

NASDAQ:RDCM traded down $0.09 during trading hours on Wednesday, reaching $7.65. 100 shares of the company were exchanged, compared to its average volume of 25,204. The stock has a market capitalization of $108.40 million, a PE ratio of 32.87 and a beta of 0.57. RADCOM has a twelve month low of $6.96 and a twelve month high of $21.80.

Get RADCOM alerts:

Several hedge funds and other institutional investors have recently modified their holdings of RDCM. Renaissance Technologies LLC raised its position in shares of RADCOM by 119.7% in the second quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock valued at $3,055,000 after buying an additional 84,300 shares during the last quarter. Northern Trust Corp acquired a new stake in shares of RADCOM in the second quarter valued at about $104,000. Malaga Cove Capital LLC raised its position in shares of RADCOM by 29.6% in the third quarter. Malaga Cove Capital LLC now owns 48,606 shares of the technology company’s stock valued at $552,000 after buying an additional 11,100 shares during the last quarter. Taylor Frigon Capital Management LLC raised its position in shares of RADCOM by 114.0% in the third quarter. Taylor Frigon Capital Management LLC now owns 224,353 shares of the technology company’s stock valued at $2,523,000 after buying an additional 119,533 shares during the last quarter. Finally, AWM Investment Company Inc. acquired a new stake in shares of RADCOM in the third quarter valued at about $4,372,000. Institutional investors and hedge funds own 25.47% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of RADCOM from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. ValuEngine upgraded shares of RADCOM from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, Needham & Company LLC downgraded shares of RADCOM from a “buy” rating to a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $10.63.

COPYRIGHT VIOLATION WARNING: This news story was originally reported by Markets Daily and is owned by of Markets Daily. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The original version of this news story can be accessed at https://www.themarketsdaily.com/2019/02/13/radcom-rdcm-releases-quarterly-earnings-results-beats-expectations-by-0-03-eps.html.

RADCOM Company Profile

RADCOM Ltd. provides service assurance and customer experience management solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for virtualized infrastructure and next-generation networks.